Talk to Rangewell – the business finance experts

Not every business can afford new equipment. But there is a way to get the equipment, tools and vehicles your business needs.

Pre-owned assets, from machine tools to coldrooms and earthmovers, can do the job at a fraction of the cost. With today’s longer manufacturer warranties and life expectancy, they can be a sound investment ready to give you years of service.

Of course, even pre-owned equipment can still mean a big capital commitment – unless you get our help to find Used Asset Finance. Despite what you may have been told, it is not only possible to provide cost-effective funding for used heavy equipment - if you come to Rangewell we can make it simple.

Why you need Rangewell to set up Asset Finance for used equipment

Asset Finance lets you spread the cost of business equipment, from handtools to an entire factory and vehicles from cars to bulldozers. However, providing finance for used assets means an extra level of complication. Most finance providers lack the necessary expertise to deal in this sector.

At Rangewell, our team not only have the necessary specialist expertise to find funding for used assets - we know and work with lenders who are ready to help. We can work with you to find the most appropriate type of funding for virtually any used asset, helping you through issues such as valuation, unique asset identifiers and depreciation.

Our unique expertise means you save twice. First, you can have your equipment without the cost of buying new – second, you can have it without a big drain on your capital. Leaving more of your essential working capital intact means big benefits for your short, medium and long-term financial outlooks. Contact us to understand how you can be better off with Used Asset Finance.

Buying or leasing used equipment

There are several types of Asset Finance that can help:

Hire Purchase – spreading the cost of buying

Hire Purchase is the simple way to spread the cost of buying an asset. You pay a deposit plus fixed monthly instalments for the agreed term, which generally lasts between 12 and 72 months. The assets become yours, making HP ideal for durable items you want to keep, such as catering equipment, heavy machinery, and many types of medical and scientific instruments.

Operating Leases

Operating Leases work like a rental agreement. You pay a monthly rental charge to use the asset. Maintenance, repairs, and registration can be the responsibility of the leasing company. Operating Leases can be ideal for technical equipment with a limited life that you do not wish to own outright.

Finance Leases

Finance Leases also let you borrow equipment for a set time, but maintenance, repairs and running costs are your responsibility. Finance Leases are common with larger assets such as plant installations. If you want funding for a production line, for example, a Finance Lease could provide the scale of funding required.

REAL EXAMPLES OF WHAT WE CAN DO

Find finance for a small fleet of coaches - the oldest of which was 20 years old and had 700,000 miles on the clock

Source lease agreements for machinery without serial numbers

Set up HP for a second-hand truck - with VAT deferred - for a company in a Creditors Voluntary Agreement

Equipment bought from private sellers as well as vendors and distributors

Find funding for assets that will be over 12 years old at the end of the finance period

Contract Hire

Contract Hire is often used for business vehicles. Payments can be lower, as they are calculated on the purchase value less the estimated residual value of the vehicle at the end of the agreement. This type of finance can sometimes be arranged with nearly new assets - letting you work with prestige cars, low mileage tractors and low-hours equipment when someone else has paid for the immediate depreciation.

When you call us, we can explain more about all the different Asset Finance options - helping you see which is the right choice for your business for both today and the future.

So, if you need equipment, plant or vehicles, and want to know how you can save by using Asset Finance to acquire pre-owned assets, please call us.

What business owners say about finance for pre-owned assets...

Our CNC setup would cost over £100,000 new. Rangewell helped us find an HP deal to let us buy it used for less than half that - and still spread the cost over five years.

We needed concrete pumps. We got pre-owned machines at a fraction of the cost, and Asset Finance to spread the investment.

I'm building up the practice, and funds are short - but I needed a portable ultrasound machine. I found a reconditioned unit and the Asset Finance solution to let me have it.

Helping you build your profits

Preserve your working capital

A cost-effective way to get access to the tools, equipment and machinery your business needs, without upfront investment. Asset Finance can cost less than a conventional loan, as the assets themselves offer security for the lender – meaning lower rates for you.

What is suitable for asset finance?

Vehicles, construction, industrial and agricultural machinery, IT and office equipment, medical, dental and veterinary equipment: all available used, and all suitable for Asset Finance.

Monthly payments to fit your budget

Your term and monthly payments can be planned to fit in with your turnover. You can often arrange a funding solution to fit in with your accounting and tax needs.

Scaled for your business

Agreements can cover equipment at all cost levels. Whatever the scale of your business we will help you find an Asset Finance solution to fit it.

Big business assets for smaller businesses

Asset Finance for used equipment can help you get the tools you need to compete with larger businesses at a fraction of the cost.

Reduced risk to your business

If your business hits problems and you can’t keep up the payments, the lender can recover their costs by taking the equipment. No other assets are at risk.

Rangewell helps UK firms and their advisors find, compare and apply for business finance. Rangewell only provide services to limited companies based in the UK. If you are not a limited company please do not apply for finance via this website. Rangewell do not provide finance ourselves, we introduce businesses to business finance providers based on what they tell us their financing requirements are as well as their what they tell us about their circumstances, future plans and creditworthiness. Terms and conditions apply and guarantees and Indemnities may be required by the finance providers we introduce.

Rangewell Limited is a registered company in England and Wales (Company Number 09362490). Our registered office address is 2 Union Square, Darlington DL1 1GL. Information Commissioner's Office Reference ZA097601. VAT number GB225118634. Rangewell is an appointed representative of MACCapital Limited (Company No. 01267885) which are authorised and regulated by the Financial Conduct Authority (FCA Registration 742543). Our Head Office is based at 1 Fore Street, London, EC2Y 9DT.